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Buoyed by a firming trend in precious metals overseas, silver prices jumped by Rs 521 to Rs 36,799 per kg in futures trading today as speculators indulged in enlarging their positions.
At the Multi Commodity Exchange, silver for delivery in March rose by Rs 521, or 1.44%, to Rs 36,799 per kg in a business turnover of 1,533 lots.
Also, slivery for delivery in May was trading higher by Rs 517, or 1.41%, at Rs 37,070 per kg with a business turnover of 162 lots.
Analysts said a firming trend in bullion prices in overseas markets after minutes from the Federal Reserve's January meeting signalled many officials were inclined to keep interest rates near record lows for longer, mainly influenced silver prices at futures trade here.
Meanwhile, silver climbed 1.3% to $16.72 an ounce in Singapore.
